Bitcoin's 50-day moving average has finally crossed above its 200-day moving average, a bullish signal known as the Golden Cross. This technical indicator has preceded significant price increases in the past, and could be a harbinger of a new uptrend for the cryptocurrency.

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The Golden Cross is a powerful indicator, but it's essential to consider other market factors to confirm this potential uptrend. Let's keep an eye on BTC's daily volume and market sentiment for further confirmation.